Account details are a set of details for a currency to receive money.
Once you have your SGD account details, you’ll have your own account details where you can receive Singaporean dollars.
This isn’t a bank account, but you can receive money in the same way by sharing the account name and number with friends, family, clients, or companies, so that they can send you money.
They can pay you locally from their Singaporean bank, or internationally by Swift. Once you receive the money, it’ll be credited to your SGD balance.
Opening new account details
You’ll first need to open a SGD balance. Then you select Get your account details and follow the steps. We’ll need to verify you before we can provide details to you.
Checking your account details
To see your details once you’ve got them, on the app or web:
Go on your SGD balance
Select the account details button just under the currency
You can view and copy your local account details to share with others
You can also request payments from your sender.
How your SGD account details work
Here is some general information about your account details.
| Domestic payments | International payments | |
|---|---|---|
| You can receive | Bank transfers in SGD from Singapore | Swift |
| You can't receive | SGD using GIRO, MEPS, international wire, Swift, or by cash deposits to your personal account details | Swift in currencies other than SGD |
| Receiving fees | None | None |
| Receiving limits | FAST transfers: up to 200,000 SGD* per transfer. No limits per day | FAST transfers: up to 200,000 SGD* per transfer. No limits per day. |
| Receiving speed | Up to 2 working days | Up to 5 working days |
*FAST Payments over this amount will be refunded to the sender.
Business accounts can also receive GIRO transfers with a limit of 90 million SGD per transfer or MEPS transfers with no limits.
Personal accounts have a daily holding limit of 20,000 SGD. Learn what happens if you exceed the limit
Payments from inside Singapore
To receive domestic transfers in SGD share following details with the sender:
Your name
Bank code
Account number
The sender’s bank will give them an estimate when they set up the payment — for any details about how long it takes, reach out to your sender so they can ask their bank.
Payments to your personal account details
You can receive money through the Fast and Secure Transfers (FAST) network, and PayNow.
If your Wise account address is in Singapore, you can't hold more than the equivalent of 20,000 SGD in your personal Wise account. This is because we’re regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act.
Learn more about holding limits if you live in Singapore
Payments to your business account details
You have 2 sets of account details for different purposes, along with a PayNow QR code.
1. Receiving through FAST
You can get instant payments 24/7 with FAST. It can sometimes take up to 1 working day.
When your sender enters your account details in their banks’ system, they may see “Wise Asia-Pacific Pte. Ltd. (Formerly TransferWise)” as the bank. This is because Wise is a Non-Bank Financial Institution directly connected to the FAST network.
2. Receiving from platforms for businesses
You can get money from platforms like Google or Stripe through GIRO and MEPS, which is common for receiving salaries. This is only available to businesses.
Payments from outside Singapore
If your payer can't make a domestic transfer, you can use your SGD details to receive Swift payments.
Payments by Swift to SGD details
To receive international Swift transfers in SGD, share this with the sender:
Name
Account number
Swift/BIC code
They can send Swift payments to your account from anywhere in the world.
They should only send you SGD to these account details, because we can't process international payments in any other currency.
We don’t charge any additional fees to receive international payments in SGD, but correspondent banks might apply their own fees.
You can receive Swift payments in SGD with your FAST account details and BIC number.
When your sender enters your account details in their banks’ system, they may see “DBS” as the bank. This is our partner bank and we hold accounts with them. Although we're partnered with them, make sure to reach out to us if you have any questions about incoming payments. If they need a branch code ─ use 003.
You won’t be able to receive using other payment methods, international wire, or cash deposits.
Payments by Swift to GBP details
You can also receive SGD from outside Singapore by Swift into your GB IBAN, but keep in mind it's usually cheaper and faster to receive to local account details.
Let the sender know that you want to receive SGD into your GBP details so you can avoid conversion fees. Some banks might recognise the GBP IBAN and want to convert SGD to GBP, but this isn't necessary.
If their bank asks them the country of the recipient’s (your) bank, tell them to select the United Kingdom.
Learn more about using your GBP account details to receive Swift payments